Best Buy Credit (1 Viewer)

I'm not interested in starting a flame war here, but I want to make sure I have this correct.


You purchased an item from Best Buy, using their Credit. Am I correct so far?
The term of this no/low interest plan was 36 months. Stop me if I'm de-railing.
36 months came and went and you did not pay off the balance because you had forgotten about it. Still with you?


And all of this, from start to finish, this is the fault of Best Buy (or the company they contract their credit out to)???


Call me obtuse, but come on. Now, I'm no fan of the corporations making billions on our backs, but this is ridiculous. You need to take responsibility with your Credit (should you choose to participate in the Credit world). Everybody needs to show responsibility with their own actions.

I have had their credit card for many years and have never experienced what you say happened to you, maybe it is because I pay my bill every month. I am notified every month that there is a payment due via mail and e-mail. It is kinda hard to forget. I use these no interest promotions all the time, I just take what the amount of the sale is and divide by the months and pay that amount every month. Sorry but this is totally no ones fault but yours.

Every credit card that offers a X months same as cash offer works this way. Interest accumulates during the "free loan", so if you do not pay it in full by the end of the "free" period, you owe all the interest. This is not a Best Buy exclusive situation. Shame on you for not understanding the terms of your loan. Do not blame Best Buy -- take some responsibility for your failure to read the terms of the loan.

Getting a lawyer to read the standard Best Buy contract would cost a few hundred and they would tell you the same thing the Best Buy folks do. Pay it off by X and you will have no interest. I feel bad that you got hit with a big bill, but after paying only $40/month for three years (assuming $40), that is only $1440. Assuming you paid more than that for what you bought, what did you think was going to happen to the balance?. I'm not sure where you are located, but Best Buy isn't a foreign company, they are a US based publicly traded company.